Sherwin-Williams Q3 Earnings & Revenues Surpass Estimates

Core Insights - Sherwin-Williams Company (SHW) reported Q3 2025 earnings of $3.35 per share, a 5.3% increase from $3.18 in the same quarter last year, with adjusted earnings of $3.59 per share, surpassing the Zacks Consensus Estimate of $3.46 [1][8] - The company achieved revenues of $6,358.2 million, reflecting a 3.2% year-over-year growth and exceeding the Zacks Consensus Estimate of $6,210.8 million [1][8] Segment Performance - The Paint Stores Group segment recorded net sales of $3,836.8 million, up 5.1% year over year, beating the Zacks Consensus Estimate of $3,724 million, driven by higher selling prices and improved profit margins [2] - The Consumer Brands Group segment saw a decline in net sales by 2.6% year over year to $770.1 million, although it exceeded the consensus estimate of $740 million, with decreased demand in North America and Latin America partially offset by increased sales in Europe [3] - The Performance Coatings Group experienced a 1.7% year-over-year increase in net sales to approximately $1,750 million, surpassing the consensus estimate of $1,744 million, attributed to volume growth and favorable foreign currency translation [4] Financial Overview - For the first nine months of 2025, Sherwin-Williams generated $2.36 billion in net operating cash and returned $2.13 billion to shareholders through dividends and stock repurchases, with authorization to buy back 30 million shares [5] - The company anticipates low to mid-single-digit growth in net sales for Q4 and low-single-digit growth for the full year 2025, with projected net income per share ranging from $10.16 to $10.36 and adjusted net income per share between $11.25 and $11.45 [6] Stock Performance - Sherwin-Williams shares have declined by 6.2% over the past year, compared to a 7.4% decline in the industry [7]